Retirement plan

COMMUNITY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: COMMUNITY BANCSHARES, INC. - COMMUNITY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2017) Form 5500
Creator: COMMUNITY BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN, COMMUNITY BANCSHARES, INC.

COMMUNITY BANCSHARES, INC.EIN 43-1218711Plan #003PY 2017

P.O. BOX 400, 100 SOUTH WOOD STREET - NEOSHO, MO 648500400417-451-1040LinkedIn1-10 employeesbanking

Prospect flagsLow returnsHigh feesLow participant contribution

Top hat statement on fileNQDC

Filed April 30, 1999

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$25.1M

+6.0% from 2016

Total participants

226

+5.1% from 2016

Average account balance

$111,091

+0.9% from 2016

Annual return

12.20%

+3.87 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$33.01M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$172K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

192

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$774K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+25.10%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$108

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
BLUE CHIP RETIREMENT PLANS, INC.2 years Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 · EIN 13-4238973 154 HANSEN RD, SUITE 102 · CHARLOTTESVILLE, VA 22911	Contract Administrator	$22,966
ARGENT TRUST COMPANY2 years Service code 18 · EIN 58-1428634 1100 ABERNATHY ROAD · ATLANTA, GA 30328	Custodial (securities); Custodial (ot...	$21,988
PRAIRIE CAPITAL ADVISORS3+ years Service code 34 · EIN 36-4072641 1 TOWER LN STE 3010 · OAKBROOK TERRACE, IL 601814638	Valuation (appraisals, etc.); Direct ...	$12,750
BKD, LLP1 year Filed as: BKD CPA'S & ADVISORS Service code 10 190 EAST CAPITOL STREET · JACKSON, MS 39201	Accounting	$12,501
KRIEG DEVAULT LLP3+ years Filed as: KRIEG DEVAULT, LLP Service code 29 ONE INDIANA SQUARE, SUITE 2800 · INDIANA, IN 462042079	Legal	$6,803
KPM CPAS, PC3+ years Filed as: KPM CPA Service code 10 · EIN 43-1109768 1445 E. REPUBLIC RD · SPRINGFIELD, MO 65804	Accounting	$5,300
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP Service code 15 · EIN 63-1156117 307 UNIVERSITY BOULEVARD NORTH · MOBILE, AL 36688	Recordkeeping	$4,182

Plan features & details

Pension benefit codes2E2F2H2J2P2Q3H3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$95K

$798 / participant

Contract admin$53K55.6%
Other / not subdivided$42K44.4%

% of EOY assets

0.378%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,091

$89,739+23.8%

$149,721-25.8%

$62,293+78.3%

Participation rate

100.0%

85.1%+14.9pp

87.1%+12.9pp

69.5%+30.5pp

Annual return

12.20%

21.01%-8.8pp

1501.67%-1489.5pp

28.90%-16.7pp

Employer contribution / active EE

$3,920

$3,233+21.3%

$5,444-28.0%

$2,042+92.0%

Participant deferral / active EE

$1,155

$4,797-75.9%

$6,568-82.4%

$3,169-63.6%

Admin fee / account holder

$420

$551-23.7%

$11,282-96.3%

$479-12.3%

Provider

Service type

Compensation

BLUE CHIP RETIREMENT PLANS, INC.2 years

Filed as: BLUE RIDGE ESOP ASSOCIATES

Service code 13 · EIN 13-4238973

154 HANSEN RD, SUITE 102 · CHARLOTTESVILLE, VA 22911

Contract Administrator

$22,966

ARGENT TRUST COMPANY2 years

Service code 18 · EIN 58-1428634

1100 ABERNATHY ROAD · ATLANTA, GA 30328

Custodial (securities); Custodial (ot...

$21,988

PRAIRIE CAPITAL ADVISORS3+ years

Service code 34 · EIN 36-4072641

1 TOWER LN STE 3010 · OAKBROOK TERRACE, IL 601814638

Valuation (appraisals, etc.); Direct ...

$12,750

BKD, LLP1 year

Filed as: BKD CPA'S & ADVISORS

Service code 10

190 EAST CAPITOL STREET · JACKSON, MS 39201

Accounting

$12,501

KRIEG DEVAULT LLP3+ years

Filed as: KRIEG DEVAULT, LLP

Service code 29

ONE INDIANA SQUARE, SUITE 2800 · INDIANA, IN 462042079

Legal

$6,803

KPM CPAS, PC3+ years

Filed as: KPM CPA

Service code 10 · EIN 43-1109768

1445 E. REPUBLIC RD · SPRINGFIELD, MO 65804

Accounting

$5,300

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP

Service code 15 · EIN 63-1156117

307 UNIVERSITY BOULEVARD NORTH · MOBILE, AL 36688

Recordkeeping

$4,182

COMMUNITY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion